BAE and GD Win $1B in Army Contracts

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The U.S. Department of Defense announced yesterday that it has awarded two metro Detroit defense firms nearly $1 billion in contracts to develop combat vehicles for the Army.

Troy, MI-based BAE Systems Land and Armaments was awarded a contract worth almost $449.9 million to develop technology for the Army’s Ground Combat Vehicle Infantry Fighting Vehicle at facilities in Troy; Detroit; Waltham, MA; and Madison, AL.

The Sterling Heights, MI-based General Dynamics Land Systems was awarded a contract worth $439 million to develop technology for the Army’s Ground Combat Vehicle Infantry Fighting Vehicle at facilities in Sterling Heights; Detroit; Dallas, TX; Plano, TX; and Taunton, MA.

Work on both projects is expected to be completed in June 2013.

Sarah Schmid Stevenson is the editor of Xconomy Detroit/Ann Arbor. You can reach her at 313-570-9823 or sschmid@xconomy.com. Follow @XconomyDET_AA